There is a high degree of uncertainty in the Next Plc’s sales forecast made this year around the performance of the UK economy after Brexit.
The company has lowered the central guidance for full year profit for the current year from £727 million to £723 million, a difference of 0.6 per cent, said a press release from Next Plc. The £4 million difference is a result of two factors. Firstly, higher sales on seasonal products, such as personalised gifts and beauty products reduced the margin by £1.5 million. The remaining £2.5 million reduction came as a result of the increased operational costs associated with the higher online sales. (PC)
Fibre2Fashion News Desk – India
| On 19th Sep 2021
Switzerland recently announced a contribution of $4.4 million to the...
| On 18th Sep 2021
Chinese commerce minister Wang Wentao recently submitted an...
The eurozone economy recovered more rapidly than considered earlier...
Great step towards realising end goal of 'AtmaNirbhar Bharat'
Luxury is not just about high prices but ability to create desire
Consistency is the first rule of social media
Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...
Headquartered at Singapore, Crocodile is a global fashion and lifestyle...
Founded by NIFT graduate <b>Meghavi Suthar </b>in 2017, Kala is an...
Ventile is a registered trademark used to brand a special high-quality...
UK-based Directa Plus is one of the largest producers and suppliers...
Pranesh Sridharan & Berndt Koll
The Lenzing Group produces Lenzing Lyocell and Modal cellulosic fibres of...
Shalini Sharma & Shweta Pundir Sharma
Six Yard Story
Six Yard Story is a premium artisanal brand with a focus to bring handloom ...
Label Gavin Miguel
Acclaimed fashion designer <b>Gavin Migue</b>l is known for his couture...
Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...
Letter to Editor
Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.
Subscribe today and get the latest information on Textiles, Fashion, Apparel.